Apollo Tyres appoints Salil Gupta as CFO

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Apollo Tyres appoints Salil Gupta as CFO

Salil Gupta has been appointed Chief Financial Officer at Apollo Tyres Ltd. Apollo Tyres also brought on board Peter Becker as Chief of Research & Technology.

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Salil Gupta has been appointed Chief Financial Officer at Apollo Tyres Ltd. Mr Gupta will be overseeing the Finance, Taxation and Accounts functions at the organisation, with the primary objective of contributing to the organisation's financial health and stability, ensuring full compliance with statutory guidelines and the company's corporate governance policies. His responsibilities also include an advisory role to the Legal and Secretarial functions of the company.

Salil Gupta's last assignment was with Dentsu India, where he served as the Group Chief Financial Officer for over a year. Prior to this, he had spent a significant part of his career as a member of the Indian Revenue Services, which included a stint with the Securities & Exchange Board of India. He has worked with KPMG as Director, Tax and Regulatory Services. An Economics Major from Punjab University, Mr Gupta is a qualified Chartered Accountant.

The appointment of a CFO comes at a time when Apollo Tyres is in an expansion mode with Greenfield facilities planned for Gyongyos, Hungary and Chennai, India. Also on the cards are brownfield expansions at the Gujarat Plant in India and the two South African Plants in Durban and Ladysmith respectively. Considering the current scenario of an all round capacity increase, and the challenges of rising raw material costs, Mr Gupta's role becomes pivotal in providing the balancing act for the organisation. Summed up Salil Gupta, Chief Financial Officer, "I have joined the organisation when it is at an inflection point, poised for expansion on a global platform, in an environment which is challenging to say the least. The key job is to continuously improve internal efficiencies and create greater value for our customers."

A month back, Apollo Tyres also brought on board Peter Becker as Chief of Research & Technology.

He will be leading Apollo Tyres' initiatives in tyre technology, research and new product development, especially keeping in mind the mobility needs of European customers. Mr Becker will be based out of Germany, where he will be responsible for establishing an R&D facility for Apollo Tyres. He will be working with Apollo's research, technology and design teams across geographical locations in India, South Africa and Europe.

Peter Becker's appointment forms part of Apollo Tyres Ltd's plans for the European market. The company has already announced the establishment of a passenger car radial tyre manufacturing facility in Hungary, with an initial investment of Euro 200 million. Said Peter Becker, Chief, Research & Technology, "I am excited by this opportunity and impressed by the possibilities the future holds with Apollo Tyres. I am positive that we will be able to bring out competitive products which address our European and global customer needs."

Peter Becker joins Apollo Tyres from Goodyear Dunlop Germany, where he was the Senior Manager Tyre Development (passenger, light truck and 4x4 tyres) for the past seven years. Prior to this, he spent 15 years in various positions of leadership at the Sumitomo Group's testing facility SP Reifenwerke GmbH at Hanau, apart from three years developing special vehicles at Opel AG. Mr Becker studied Mechanical Engineering in Germany; and as part of his education spent time as an apprentice at Deutsche Lufthansa AG studying aircraft mechanics.

Commenting on the crucial appointments of Salil Gupta and Peter Becker, Neeraj Kanwar, Vice Chairman & Joint MD, Apollo Tyres Ltd, said: "The appointments reflect Apollo's commitment to long term goals and our tradition of leveraging talent across markets. While Peter brings with him rich product technology experience, Salil's strength lies in his knowledge of managing diverse businesses. Their appointment further strengthens Apollo's Leadership Team and gives the company's growth agenda an added impetus."

Sourced from: Apollo Tyres